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High debts leave Hoa Phat Group in heavy interest burden

Spending over VND9 trillion ($391.3 million) in the first half of the year on the construction of its Dung Quat Iron and Steel integrated complex through borrowings, Hoa Phat Group is paying an enormous amount of interest on its debts each day.

Hoa Phat Group invested nearly $1 billion in Dung Quat steel production project

In addition to owners' equity, Hoa Phat has mobilized tens of trillion dongs from Vietinbank and Vietcombank to invest in Dung Quat steel complex.

Vingroup and Mobile World named amongst 50 Asia’s largest listed companies

Forbes magazine has also ranked Hoa Phat Group and VietJet Aviation as rising stars to crack the Asia's Fab 50 Companies in the years ahead.

Still hidden billionaires are not listed on bourse?

In Vietnam, still many billionaires are hidden as their business activities are not transparent and listed on bourse, according to Doctor Nguyen Van Thuan from the HoChiMinh City Marketing and Financial University.

Founding owners of Hoa Phat and Thaco Corporations announced billionaires in the world

Besides Pham Nhat Vuong and Nguyen Thi Phuong Thao, there are two Vietnamese businessmen's names placed in the World’s Billionaires list 2018 just announced by the reputable Forbes.

Hoa Phat Group opens up business deals with four largest Australian iron ore producers

In order to create a stable and long-term supply source of iron ore for steel mills, Hoa Phat Group (Hoa Phat) has worked with the four largest iron ore producers in Australia, according to the Group.

Hoa Phat Group gains nearly US$1 million everyday

The high demand for steel enabled Hoa Phat Group to achieve record profits in the first 9 months of 2017.

Hoa Phat's construction steel output increased by 33%

Hoa Phat Group has sold more than 1 million tons of construction steel in the first six months of 2017, increasing by 33% compared with the same period of 2016. Nearly 10% of the output was exported to the United States, Australia and ASEAN countries.

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